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FINANCIAL NEWS
Dubai’s DSI to issue USD272mn for debt payments
29 May 2017
(MENAFN) Drake & Scull Intl (DSI) predicts to have almost USD272mn of cash flow available for the coming four years to repay its debt, as exposed banking sources.
Additionally, DSI predicts it will have 956mn dirhams of cash flow available for debt service over the cited period, which will be used to repay 2.6bn dirhams of funded debt.
Moreover, it also predicts earnings before interest, taxes, depreciation and amortization this year of 64mn dirhams, from a negative number of 566mn dirhams last year.
Meanwhile, the firm expects revenues of 17.48bn dirhams over the coming four years, mostly from recent backlog, expected project wins in 2017.
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MENAFN2905201700450000ID1095519375
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